Answer:
Credit to cash $230
Explanation:
Preparation of the Journal entry for the reimbursement of the account of Spencer Co.
Based on the information given we were told that the company spent the amount of $51 for delivery expenses, the amount of $159 for merchandise inventory, and the amount of $20 for miscellaneous expenses from their petty cash fund at the end of the month, which means that the journal entry to record the reimbursement of the account will be:
Dr Delivery expenses $51
Dr Merchandise inventory $159
Dr Miscellaneous expenses $20
Cr Cash $230
(To record petty cash reimbursement)
Re-stocking: restock <span>(redirected from restocking)</span>
<span>Also found in: </span>Thesaurus<span>, </span>Legal.<span>re·stock (rē-stŏk′)tr.v. re·stocked, re·stock·ing, re·stocksTo furnish new stock for; stock <span>again.
-the free dictionary by farlex.
</span>LINK: https://www.thefreedictionary.com/restocking<span>
</span></span>
Answer: $225,000
Explanation:
Given that,
Net income = $325,000
Alicia’s salary = $100,000
Dividends = $250,000
Reasonable compensation = $200,000
Actual Reasonable compensation = Reasonable compensation - Alicia’s salary
= $200,000 - $100,000
= $100,000
Alicia’s qualified business income = Net income - Actual Reasonable compensation
= $325,000 - $100,000
= $225,000
Answer:
The answer is given below;
Explanation:
Preference stocks 950*50 Dr.$47,500
Paid in capital in excess of par-preference shares Dr.$ 13,300
(64-50)*950
Common Stocks 1,900*10 Cr.$19,000
Paid in capital in excess of par-common stocks Cr.$41,800
(64*950)-(1900*10)
